NITTO DENKO's market value is the price at which a share of NITTO DENKO trades on a public exchange. It measures the collective expectations of NITTO DENKO P investors about its performance. NITTO DENKO is trading at 16.40 as of the 11th of January 2025, a 0.61% increase since the beginning of the trading day. The stock's lowest day price was 16.3. With this module, you can estimate the performance of a buy and hold strategy of NITTO DENKO P and determine expected loss or profit from investing in NITTO DENKO over a given investment horizon. Check out NITTO DENKO Correlation, NITTO DENKO Volatility and NITTO DENKO Alpha and Beta module to complement your research on NITTO DENKO.
Please note, there is a significant difference between NITTO DENKO's value and its price as these two are different measures arrived at by different means. Investors typically determine if NITTO DENKO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NITTO DENKO's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
NITTO DENKO 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NITTO DENKO's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NITTO DENKO.
0.00
06/15/2024
No Change 0.00
0.0
In 6 months and 29 days
01/11/2025
0.00
If you would invest 0.00 in NITTO DENKO on June 15, 2024 and sell it all today you would earn a total of 0.00 from holding NITTO DENKO P or generate 0.0% return on investment in NITTO DENKO over 210 days. NITTO DENKO is related to or competes with FRACTAL GAMING, HOCHSCHILD MINING, MARKET VECTR, BRAGG GAMING, Boyd Gaming, Media, and PICKN PAY. More
NITTO DENKO Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NITTO DENKO's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NITTO DENKO P upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for NITTO DENKO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NITTO DENKO's standard deviation. In reality, there are many statistical measures that can use NITTO DENKO historical prices to predict the future NITTO DENKO's volatility.
At this point, NITTO DENKO is very steady. NITTO DENKO P has Sharpe Ratio of 0.0986, which conveys that the firm had a 0.0986% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for NITTO DENKO, which you can use to evaluate the volatility of the firm. Please verify NITTO DENKO's Risk Adjusted Performance of 0.0336, market risk adjusted performance of 3.78, and Mean Deviation of 1.35 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. NITTO DENKO has a performance score of 7 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0139, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NITTO DENKO's returns are expected to increase less than the market. However, during the bear market, the loss of holding NITTO DENKO is expected to be smaller as well. NITTO DENKO P currently secures a risk of 1.61%. Please verify NITTO DENKO P sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if NITTO DENKO P will be following its current price movements.
Auto-correlation
0.04
Virtually no predictability
NITTO DENKO P has virtually no predictability. Overlapping area represents the amount of predictability between NITTO DENKO time series from 15th of June 2024 to 28th of September 2024 and 28th of September 2024 to 11th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NITTO DENKO P price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current NITTO DENKO price fluctuation can be explain by its past prices.
Correlation Coefficient
0.04
Spearman Rank Test
-0.28
Residual Average
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Price Variance
0.29
NITTO DENKO P lagged returns against current returns
Autocorrelation, which is NITTO DENKO stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NITTO DENKO's stock expected returns. We can calculate the autocorrelation of NITTO DENKO returns to help us make a trade decision. For example, suppose you find that NITTO DENKO has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
NITTO DENKO regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NITTO DENKO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NITTO DENKO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NITTO DENKO stock over time.
Current vs Lagged Prices
Timeline
NITTO DENKO Lagged Returns
When evaluating NITTO DENKO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NITTO DENKO stock have on its future price. NITTO DENKO autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NITTO DENKO autocorrelation shows the relationship between NITTO DENKO stock current value and its past values and can show if there is a momentum factor associated with investing in NITTO DENKO P.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
NITTO DENKO financial ratios help investors to determine whether NITTO Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NITTO with respect to the benefits of owning NITTO DENKO security.